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? UNDER THE LAMPLIGHT- Stay True: A Memoir by Taiwanese New Yorker staff writer, Hua Hsu: This book dives into the grief of losing a loved one, with Hsu not holding back from revisiting old wounds in his works by reliving memories of his late Japanese friend Ken. Hsu and Ken were polar opposites — […]
Author Archives: enterpriseam admin
Posted inGO WITH THE FLOW
What the markets are doing on 11 December, 2022
The EGX30 fell 1.7% at today’s close on turnover of EGP 2.49 bn. Foreign investors were net sellers. The index is up 22.1% YTD. In the green: Sidi Kerir Petrochemicals (+6.1%), Qalaa Holdings (+4.4%) and GB Auto (+2.4%). In the red: Telecom Egypt (-6.8%), Elsewedy Electric (-4.6%) and CIRA Education (-4.2%).
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. DECEMBER 10-12 December (Saturday-Monday): Nebu Expo for Gold and Jewelry, Egypt International Exhibitions Center. 12 December (Monday): The Egyptian Private Equity Association’s healthcare summit. 13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting. 13-15 December (Tuesday-Thursday): US-Africa Leaders Summit. 15 December (Thursday): European Central Bank monetary […]
Posted inWhat We're Tracking Today
THIS MORNING: Morocco just made World Cup history
Good morning, friends, and welcome to what we think is going to be a particularly busy workweek as 2022 races to the finish line. We can only hope to play out the final days of the year with as much heart as Morocco played the final minutes of last night’s match against Portugal. HAPPENING TODAY- […]
Posted inUncategorized
Somabay brings out the best in majestic natural elements where raw beauty and endless activities reign supreme. Immerse yourself into a picturesque getaway all year long. This is simply Somabay. For more information, call 16390 or visit www.somabay.com.
Posted inEconomy
Inflation accelerates to five-year high in November
Deval drives inflation to five-year high: Urban annual inflation accelerated to 18.7% in November, up from 16.2% in October, according to figures from state statistics agency Capmas. November’s inflation figures are the highest in nearly five years, driven primarily by rising food and beverage prices. On a month-on-month basis, urban inflation came in at 2.3% […]
Posted inM&A WATCH
Vodacom closes acquisition of 55% stake in Vodafone Egypt
Vodacom is Vodafone Egypt’s new majority shareholder: Vodafone Plc’s South African subsidiary, Vodacom, has closed the acquisition of its parent company’s 55% stake in Vodafone Egypt, Al Mal reported on Thursday. The company reportedly acquired Vodafone’s 132 mn shares in Vodafone Egypt in a block trade transaction on the EGX on Thursday for EGP 59.7 […]
Posted inTaxation
E-invoicing registration deadline kicked back
FinMin extends e-invoicing registration deadline for the self-employed: Self-employed individuals — including doctors, pharmacists, and lawyers — now have until 30 April 2023 to register with the Tax Authority’s e-invoicing system, after the Finance Ministry extended the deadline from next Thursday, 15 December, according to a ministry statement out Thursday. REMEMBER- There has been a […]
Posted inCEO POLL
Apex’s Tom Maher on why industries with a competitive advantage and added value should be our priority
We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to our economy going forward. After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs agreed to answer two questions on the record for our latest CEO Poll. We’ve already […]
Posted inLEGISLATION WATCH
Lawmakers to redraft labor bill following criticism from business
Business doesn’t like the look of the new Labor Act: Lawmakers will redraft the new labor bill following criticism from the business community, Parliamentary Affairs Minister Alaa El Din Fouad said last week. Nine business associations, as well as the trade union representatives, have voiced criticisms on key provisions in a series of hearings held […]